Li-Cycle SPAC Presentation Deck

Massive Electrification Ramp Creating Lithium-Ion Recycling Imperative Electric Vehicle Sales (millions) Global EV and Battery Adoption Manufacturing scrap and end-of-life battery waste Critical need for scalable, environmentally friendly recycling solution Shortage of domestic lithium, cobalt and nickel Source: Benchmark Mineral Intelligence, BloombergNEF Electric Vehicle Outlook 2020. 2 2020 465 9 Lithium-Ion Batteries for Recycling (Thousands of tonnes/year) 2020 2025 +19% CAGR 1,344 2025 26 2030 2,619 2030 5% - 10% of battery production is typically rejected as waste during the manufacturing process, creating significant recycling needs during EV ramp-up, in addition to building end-of-lifecycle supply Li-Cycle 8

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